Silver Zerodha Fund House on March 10 launched a silver exchange-traded fund (ETF) The open-ended scheme will track the domestic prices of the metal. The scheme will invest 90-100 percent in silver and silver-related instruments. Interested investors can apply by investing a minimum of Rs 1,000 and in multiples thereafter. The starting Net Asset Value (NAV) will be Rs 10 per unit. The precious metal is hovering near Rs 99,000 a kg and has risen significantly in the past several months. The objective is to generate returns in line with the performance of silver in the domestic market, subject to tracking error, the company said in a release. It will be open for subscription till March 18 and the minimum investment amount is £1,000 (approximately Rs 2,000) The scheme is being offered on Zerodhia Coin and CAMS and will be available for subscription for a period of three months. It is not available on the stock exchange.